Trasteel, through newly established Trasteel Magona S.r.l., has taken over operations of the La Magona d’Italia steel plant in Piombino, Tuscany, following the effectiveness of a lease agreement with Liberty Magona S.r.l.
The lease became effective on October 1, 2026, and will remain in force until December 31, 2027, at the latest. It is intended as the first step toward the integration of the business, which remains subject to completion of Liberty Magona’s restructuring process and court approval.
Production at the more than 150-year-old plant will restart gradually, with Trasteel Magona targeting a return to full operation and production capacity of more than 500,000 tons per year by the end of 2027. The operation is expected to safeguard around 500 jobs.
The Piombino plant produces cold-rolled, galvanized and pre-painted flat steel products for customers in Italy and Europe. Trasteel said it will use its global sourcing, logistics and commercial platform to support the plant’s operations and customer supply.
The plant complements Trasteel’s Industrial Division, which comprises 13 companies in six countries and processes more than 800,000 tons of steel products annually, including pipes, plates, coils and rebar.
Trasteel is a global steel trading and industrial group founded in 2009, operating in more than 60 countries with over 1,400 employees and serving more than 4,000 customers.